Mr. Robert Card reports

ARROWSTAR ADDS CLAIMS TO ALASKA IRON PROJECT

Arrowstar Resources Ltd. has staked an additional 21 claims adjacent to and continuous with its Port Snettisham, Alaska, iron ore claim block.

The claims adjoin the present claim block to the east and south in an area potentially extending an area of magnetic highs indicated during the company's geophysical surveys conducted this past summer. The new claim block expands the company's project area by about 43 per cent.

The company is presently preparing an application for a drilling permit; with the new ground being acquired, the application can be completed and filed. Once approval has been received, the company will commence a diamond drill program designed to facilitate a National Instrument 43-101 report outlining the potential quality and quantity of the iron resources on the claims.

In 1970, Marcona Corp. of San Francisco announced a plan to spend $130-million to place this property into production at the rate of five million tons per year. Unfortunately, the decline of iron prices caused the project to be delayed and subsequently dropped.

The company also announces the resignation of Peter Arendt as a director of the company, effective Jan. 15, 2013. Mr. Arendt is very busy spending 90 per cent of his time managing a coal project in Indonesia. The company wishes to thank him for his time and effort as a director of Arrowstar, and extends its best wishes for his success in Indonesia.

We seek Safe Harbor.